Estimable Proof-of-Work for Blockchain Mining
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Solution Overview
Problem
Current blockchain systems face challenges such as high energy consumption due to exponential growth in mining difficulty, low transaction per second (TPS) rates, and vulnerabilities to attacks like 51% attacks and double-spending, largely due to the inability to accurately quantify individual work done in proof-of-work (PoW) processes.
Innovation Solution
The introduction of an estimable proof-of-work (EPoW) method that calculates the number of proof-of-work done individually by using low and high hash values to estimate nonce trials, allowing for real-time quantification of work done in closed-form formulas, which can be used to develop a new consensus protocol to address these challenges.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional proof-of-work mining is used to maintain blockchain security and consensus, then the blockchain achieves decentralized consensus and data integrity, but the energy consumption increases exponentially due to growing mining difficulty
Solution Approach 1:
The patent changes the parameter being measured from hash rate (computational power) to nonce trial count (work attempts). By tracking the number of nonce trials rather than the computational intensity, the system maintains security through verified work quantity while enabling more efficient consensus that doesn't require exponentially growing energy consumption to maintain the same security level
2Reliability
If traditional proof-of-work mining is used to secure the blockchain, then the network achieves consensus, but the transaction processing rate remains low due to the time-consuming nature of mining
Solution Approach 1:
The patent replaces the mechanical hash computation process with a statistical estimation approach. Instead of requiring miners to perform exhaustive hash searches, the system estimates the number of nonce trials based on observable outcomes, substituting computational mechanics with mathematical estimation to accelerate transaction confirmation while maintaining consensus security
3Adaptability or versatility
If traditional proof-of-work is used without accurate work measurement, then miners can participate in mining, but the system cannot accurately quantify individual work done, leading to vulnerabilities to attacks
Solution Approach 1:
The patent implements feedback by having miners report their nonce trial counts and using this information to verify actual work performed. The system receives feedback from miners about their mining efforts and uses this feedback to accurately measure and validate individual contributions, preventing attacks by ensuring that compensation matches actual work done
Data Source
AI summary
A method for calculating a number of proof-of-work to measure how much work has been done in one block mining, includes the following steps: using a low hash, wherein the low hash value corresponding to a low nonce is not greater than a predetermined target value; using a high hash, wherein the high hash value corresponding to a high nonce is higher than the same target value; and calculating the number of proof-of-work according to the low hash value and the high hash value. The low hash value is the lowest hash value in one block mining. The high hash value is the highest hash value in the same block mining.